street names advocate CIO role

Financial services giant State Street is touting the blockchain experience of its newly appointed executive vice president and global CIO.
In a press announcement yesterday, State Street revealed Antoine Shagoury, the former CIO of the London Stock Exchange Group (LSEG), would join the investment management services firm, making a point to highlight Shagoury’s advocacy for blockchain technology while at LSEG.
Perretta told CoinDesk that State Street believes blockchain technology could one day help the company offer clients products “faster” while delivering them “more securely”.
He remarked:
“We’re interested in blockchain as a style of computing and its ability to automate the trust process.
State Street is notably one of a number of financial services firms that has partnered with distributed ledger startup R3, which added five new banks to its efforts this week.